Deckers: Fiscal 1Q Earnings Snapshot

GOLETA, Calif. (AP) _ Deckers Outdoor Corp. (DECK) on Thursday reported a loss of $30.4 million in its fiscal first quarter.

On a per-share basis, the Goleta, California-based company said it had a loss of $1. Losses, adjusted for restructuring costs, were 98 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.42 per share.

The maker of Ugg footwear posted revenue of $250.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $228.9 million.

For the current quarter ending in October, Deckers expects its per-share earnings to range from $1.60 to $1.70. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.95.

The company said it expects revenue in the range of $485 million to $495 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $511.6 million.

Deckers expects full-year earnings in the range of $6.25 to $6.45 per share, with revenue ranging from $1.93 billion to $1.96 billion.

Deckers shares have climbed 49 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $119.28, an increase of 87 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DECK at https://www.zacks.com/ap/DECK